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the chinese economy and military grow and has promised to take a tough stance with china on trade and other economic matters. the obama administration has also closely monitored china's disputes with japan and southeast asian nations over the islands in the east and south china seas. senior officials have refused to take sides. the president announced a year ago he will shift his country's focus to the asia-pacific region. he will have a chance to talk more about that plan over the weekend. obama will begin a four-day tour of southeast asia on saturday. he will be visiting thailand and myanmar and will attend the east asia summit in cambodia. the president promised during his re-election campaign to put more pressure on china to make it meet basic international standards with respect to trade. but analysts say despite his plans the world's top economies are tightly woven together and that interactions will continue. >>> the south korean government welcomed china's new leadership. >> translator: we hope our relationship with china will develop farther and as a new leadership. >> the media ga
16. >> translator: the economy and energy will be part of the focus of the election. our party will make a manifesto and convey our position to voters. i will explain it to the people after i dissolve the lower house on friday. >> the leadup to the decision played out on wednesday. the prime minister said he was ready to dissolve the lower house if the ldp committed to reducing the number of seats in the house by 234ex year. officials campaigning for the general elections starts on may 4. >> translator: lawmakers don't really care, but the people, the prime minister changes like a resolving door. it's better to give the younger generation a chance another leadership. >> prompted the prime minister to act? making te i . >> there's a big disparity in -- he had fwho executions left. but it took some time >> the lead-up to the decision played out in the diet. abe pointed out the prime minister promised in august to call a general election soon if the diet passed bills related to social security and tax reform. abe said the ldp kept its part of the deal and helped the bills become l
the economy. some of you may remember that bill clinton years on the economy were the best they had ever been in american history. it was the same old people that were taking advantage of circumstances that presented itself. that basically -- with a reduced electorate. no, i do not think they have a future. there is a congressman from georgia named paul brown who happens to be a doctor. he thinks that the big bang theory and evolution are works of the devil. you know, that is not the future. go to maryland, go to the maryland suburbs and look at the companies that are making billions of dollars doing genetic research. genetic research is all about evolution. >> are there additional questions? >> i just wanted to ask about when you saw effective black and latino alliances during the 2012 election? >> and the places where there were blacks and latinos living in proximity, all the states where there are both black and latino populations, in florida, virginia, less so in colorado. the black population is fairly small. nevada, definitely. the right in the country and especially the ultraconservati
revenue, it's the idea of actually growing our economy, which we all claim to agree on, but there's certainly different proposals to do that. with that, i want to thank everybody for joining us here today, including our new congressman-elect, first one, you're going to mark that as one of your high points of your congressional career, being the first one here as well. but thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> on "washington journal" this morning, we'll be joined by republican representative ron paul of texas, it a member of the foreign affairs committeeful he'll take your questions about today's hearing on the attack on the u.s. consulate in libya. you'll hear about the fiscal cliff from independent senator bernie sanders of vermont, a member of the budget committee. also, the kaiser family foundation will look at friday's deadline for states to establish health insurance exchanges under the affordable care act. "washington journal" is live on c-span every day at 7:00 a.m. eastern. the senate
with the economy. and make sure we do not go back into a recession. but they do want to stick to their guns. they feel like they are really won the election and not to cave in to the republicans on the upper income tax rate. host: chicago, ill., let us go matt, hi. caller: my comment is this, in order for us to solve this problem, both sides are going to have to experience a pretty significant amount of political pain. from my side, i am a lot of the center, i would like to see texas go up on the wealthy. but at the same time, being from chicago i remember when the simpson balls report came out, and congresswoman should kautsky, she said this is horrible there's no way i will vote for this. and i did not think that was right either. clearly, we are going to have to do something about medicare. i am not in favor of the ryan plan. my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the will
with a number of leading economist and political scholars on the economy, national security and so-called fiscal cliff. economists for peace and security and the new america foundation's economic growth program are hosting this panel discussion. this is expected to last to go to early this afternoon. this is live coverage on c-spa c-span2. >> questions of military security, national security, economic security, social security, with the broad questions that we have all been grappling with four, intensely for the last four or five years. we are, strictly speaking, a professional organization. we are not an advocacy or lobbying group. we gather together, professionals working on these questions represent only themselves, and who had the advantage i believe of being able to speak to you with clarity and conviction. eps is also a membership organization. our website is www.eps u.s.a..org. and i would invite all of you who are here and all who may be watching to visit the website. and if you share the goals and objectives of the organization to join us, or to lend us your support. we have a great adv
money in washington. what's choking our economy and what's choking the economy of greece, but, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, we need to do it in the right way. bowles-simpson said reduce the reductions where you can, lower tax raets by doing that. george, we got to get this economy going again. we have had an outside group ernest and young look at raising of taxes on the highest income earners. we would lose 700,000 jobs in america. is that the kind of economy that this president wants to start out with in his second term? i don't think so. president obama said two years ago, now is not the time with a sluggish economy to raise taxes. we need to consider the fact that folks who started raising taxes on the business creators. there's a right way to do this and there's a wrong way to do it. and speaker boehner was absolutely correct, you have to have reve
what i said on friday. right now, our economy is still recovering from a very deep and damaging crisis. so our top priority has to be jobs and growth. we've got to build on the progress that we've made. because this nation succeeds when we've got a growing, thriving middle class. and that's the idea at the core of the plan that i talked about on the campaign trail over the last year, rewarding manufacturers and small businesses that create jobs here, not overseas, providing more americans the chance to earn skills that businesses are looking for right now. keeping this country at the forefront of research, technology, and clean energy, putting people back to work rebuilding roads, bridges and schools and reducing our deficit in a balanced and responsible way. on this last item, we face a very clear deadline. that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline. and i believe that both parties can work together to make these decisions in a balanced and responsible way. to meet with labor and civic leader
contribute a little bit to helping our economy, and the majority of the people who are fortunate and made a lot of money, they're willing to do this. democrats, independents and republican support the direction of the president regarding this fiscal cliff issue. thanks, everybody. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> you just heard senate democrats speak about elections. the republicans will talk about their own election. main senator-elected angus king saying he'd caucus with the democrats. here's what he had to say. -- maine senator-elect angus king saying he'd caucus with the democrats. here's what he had to say. >> good morning. all set. today i'm announcing my decision as to which party, if any, i'll associate myself in my work here in the u.s. senate. before doing so, however, i'd like to outline my thinking on this issue and set out the principles that have guided my decision. in answering this, who will you caucus with question, repeatedly during the campaign -- and i emphasize the word repeatedly -- i
the economy today. he reminded america that there was an election on tuesday and the people have spoken. the president spoke from the east room of the white house surrounded by middle class americans. he's ready to lead on fiscal challenges facing this country. >> the american people voted for action. not politics as usual. you elected us to focus on your jobs, not ours. and in that spirit, i have invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. >> no heavy hand, no arrogance whatsoever. if there's one word to sum up the president's presentation today, it's this. consistent. the guy who gave the speech is the same guy who we watched on the campaign trail for the last seven months. americans want cooperation when it comes to a deal on the united states economy and the president is delivering his side of the bargain. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest ameri
of china's central bank knows how connected the global economy is. he said it would have an impact well beyond the borders of the united states. >> translator: many drins are concerned about the possible effects of a fiscal cliff. the global economy faces a number of uncertainties which are making it hard to judge china's economic forecast for next year. >> some indicators are rebounding and the economy is stabilizing. >> the nikkei is down over 1% from thursday's close around 101 points. investors selling stocks. that's after the dow jones suffered more than 120 points. investors concerned about the u.s. fiscal cliff issue. let's switch to currency as well. let's have a look at the currency levels now. 79.50 to 51. euro 101.30. a possible delay in greece receiving financial aid. let's have a look at some of the regions indexes as well. sou south korea's kospi is trading down. toyota motor executives are boosting vehicles. it's said to become the production center. toyota president made the announcement in bangkok during the 50th anniversary ceremonies for the firm's thai unit. >> in th
everyone will be affected if there is no deal. it could throw the economy back into recession and cost no income families about $2,000 more next year. those are some of the latest headlines on c-span radio. [video clip] >> i enjoyed watching book tv -- >> i enjoy the rebroadcast of various television news programs. i like that they provide coverage without the sound bites. it really gives me an opportunity to consume as much information on what is going on. c-span is a great way to kind of get an unfiltered view of the day's events. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. >> "washington journal" continues. ,ost: we're back with evan bayh now co-founder of the no labels organization. let me begin with the petraeus resignation. is your reaction -- what is your reaction? guest: it is if personal tragedy. he was doing a fabulous job as director. we're fortunate that we have a great leadership team. michael morrell house now now stepped- hasno in. host: did he have to resign? guest: my own answer is yeah, i thi
with the economy. but immigration and what kind of a country we're going to be going into the 21st century more deeply with china and brazil and india and those competitors we have out there now. young people not being able to get a job. the manufacturing base changing. so i do hope that the president does have a strong concept of where he wants to go and how he wants to get there. look, be he's the first african-american president gets re-elected as an african-american president. those will be more than asterisks in history. now it's about legacy, andrea. it's about what did i accomplish. not just that i was unique as a candidate but would i leave behind for jen rags yet to come -- generations yet to come. >> you spent so much time with the military, the troops in iraq and afghanistan and wars going back. how damaging do you think it is to the morale when two of the most celebrated four-star generals, one is involved because of his acknowledged misconduct, the other peripherally involved, we now believe, because he got an e-mail, turned it over to authorities and now perhaps seen as a witness
in this crummy economy. starting off in the green. let's go to the full the new york stock exchange, cisco had been helping keep us green, but not so much now. nicole: the dow down three quarters of 1% packing up the losses we saw last week, getting any economic news. the stock market struggling overall, but still the geopolitical concerns. the president coming out to talk about taxes and such. still worried about the fiscal cliff to name a few. the nasdaq down half a percent actually slipped into correction territory off of the highs in september. and let's take a look bucking the trend, other names have been hit hard, for example. here's a look at cisco systems coming out with the quarterly numbers, there is some good news there. lori: appreciate it. melissa: president obama's first news conference since his reelection. the white house and congress will attempt to work together, maybe, to find a compromise. peter barnes is at the white house. what do you think we can expect? >> i think we will hear a lot about petraeus, benghazi, general allen, the sex scandal, fbi, cia. all they have to do
president hu's ten years at the top. it was the world's sixth largest economy. and now it's the second largest. and yet, while this nation's ranks of billionaires and millionaires have ballooned, millions still live on about a dollar a day. we asked nhk world's itch taca yamaka to take a look at president hu's accomplishments and the challenges facing the next generation. >> reporter: china has faced many domestic and diplomatic challenges over the past decade under president hu jintao's leadership. >> reporter: hu promoted what he called the concept of scientific development. the policy aims to create a harmon society, even if the process required slower growth. the hu administration abolished a two-year-old tax farmers had to pay based on the size of harvests. it was part of the president's effort to narrow the economic gap between urban and rural areas. hu also worked toward a sweeping consolidation of coal mines and chemical plants, which resulted in a reduction in pollution. but the president hasn't been able to control china's income disparity or corruption among its bureaucrats,
the economy. >> i think the prospects have a markedly improved as a result of the reform program and the government's bold actions. >> many in portugal have lost faith in european leaders. antagonism towards the heads of the german and portuguese governments has reached new heights. >> the way they treat us is a joke. he is no more than merkel's puppet and what they're doing is just wrong. the sacrifices we are being asked to make our a reasonable. "she is just one of many voices calling on them to live within their means but many face an uncertain future with increasing poverty levels and they are determined to resist any more economic pain. >> as we just saw, the portuguese austerity measures are not very popular. we asked our correspondence much and she had today to convince the portuguese of the need for continued austerity. >> she said she is here to see firsthand how the process is going on. her colleague told her about the process and of course she was already a winner of the statistics showing portugal is on track, as they always say they are, but unfortunately people hav
that will make a difference in the future economy of this country. we are in a mess. he is in a position like a lot of previous presidents. he's got to be thinking, am i going to leave a disastrous legacy in the hands of our grandchildren? or am i going to step up and lead? i used to get criticized because i was a deal maker. i talked to people like joe lieberman, we would find a way to get things done. you have to give a little to get a little. doesn't wind up getting you in trouble? oh, yes. but after all, that is what this is all about. the president has said himself, and i quoted him in an article that may run in the "washington post" tomorrow, he says america deserves better. it begins with him. mcconnell has to be engaged. harry reid has to be engaged. we are at a profit this year. maybe it is the fiscal cliff. but we have to act on a lot of really serious things and we had some of it now. we have to do a lot of it next year. if they do the right thing, that our country will benefit the legacy will be secure. so i want to open this up. a lot of people in this room are engaged in this ef
the world's second-largest economy into the future. a complex and secretive political process will soon come to a conclusion. in a couple of hours, the communist party's new leaders will walk onto a stage in beijing and appear before the media. vice president xi jinping will likely be at the front of the line. he's expected to succeed president hu jintao as the party's general secretary. the party wrapped up its week-long national congress wednesday. the meeting is held every five years. delegates elected new members for the central committee. those members will meet thursday to choose the lineup for the party's political bureau and the core group of leaders who sit on the elite politburo committee. president hu, premier wen jiabao, and five members will retire. vice president show gin being and others are expected to remain and be joined by a new generation of leaders. analysts say xi will take over from hu as the president's general pear. president hu has held the position for tennessee years. >> translator: all party members should unite under the party leadership and with chinese charact
to go over the fiscal cliff and see the economy gumbel before the majority of the people -- crumble before the majority of the people realize how much trouble we are in. i have end-stage renal failure and on medicare and receive disability each month. i do dialysis three times a week. that said, i will willingly and gladly take reduction in my benefits if it means we can reduce our deficit. i have two young nieces, and i'm looking out for their financial future. in fact, if i knew that taking away all of my benefits would get rid of our debt, i'd do that today. mr. president, hear tony's plea. don't take us over the fiscal cliff. tony and his nieces need you to lead. they need it now. i yield back. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from illinois, mr. gutierrez, for five minutes. mr. gutierrez: mr. speaker, i'm here today to make an introduction. i'd like the republican party to meet america's latinos. it's hard to meet us all at once. there are more than 53 million of us. but let me tell you a little bit about who we are and what
broader implications for the stock market and economy? >> yes. the small-business start-ups are down. they will continue to be down. we have fewer ipos now than we had ten years ago. compans just don't want to be public because of all of the regulations. venture capital is down. there is less investment in new businesses. gerri: whose fault is that? whose fault is that? >> i think the ault s directly on the government because they have added a tremendous amount of insecurity. wh we are talking abot with obamacare, as of 2014, a barrage of provisions, taxes. i mean, what theyaresaying is that they are declaring war on business. this idea that what apple bees is doing is wrong is unbelievable. they have to make a profit. if they can make a profit, they have to reduce thir employment. gerri: you say that will happen with a lot of businesses across the country, presumay here are lots of ways to get -- more an one way to find a solution. what do you think would work at this point to get these two sides together to find some kind of common ground and get the problem solved? >> we aren't tr
the economy stronger white a set of commitments to finance, a high level of public investments in infrastructure and education and a lot of bipartisan support for that. i think there's a lot of support for doing the obvious things you have to do. you have to pass an extension tax of the amt is very important to do. you listen carefully there's a lot of support for trying to make real progress on the long-term fiscal soundness. there's a lot of benefit in doing that for the economy. how you do that is important. so i think this is a solvable problem and we want to do as much as we can to take an advantage of this opportunity to make some progress in each of those fronts. >> there's one thing about which they're doesn't appear to be a lot of agreement and that is should the bush tax cuts on the overt and hundred 50,000 crowd be extended or should taxes be raised? >> i heard jay carney an hour or so ago say the president will not agree to anything that extends the tax cuts on the upper brackets. that sounds like a line in the sand; is it? >> i do think it's important to start by a
implications for orientation, not just generally, how it affects the economy, but also in the middle east, something that has to be thought about. there's also the question of the future of the european union which will have an impact, again, not only on the economy, but could also have an impact in terms of what happens in the middle east. we could reserve some of the questions for the q&a, but what i'd like to focus on are a few of the key issues i think are most immediate and prominent. starting with iran. i think 2013 will be a decisive year. for people with long memories, say say, well, gee, people talk about iran for a long time, and every year it's supposed to be the decisive year. why do i say this year? two reasons. one, i think, actually, the impact of sanctions is profound. for the first time, it's truly profound in the case of iran. we have the supreme leader, two weeks ago, referring to the sanctions being brutal, his words. the sanctions are brutal. this is someone whose said on an ongoing basis, looked, we lived with sanctions since the beginning of the islamic republic, th
it is a slope, it is going to hurt the economy. it's not going to happen overnight, we're not going to go into a major recession overnight, but, you know, the democrats clearly don't want to sacrifice unemployed workers and, you know, and the economy as a whole to, you know -- and so that's where they're vulnerable. and this is hypersimplified. i mean, i don't even -- you know, the tax increase is not just a bush tax cut, but it's a payroll tax cut, and unemployment is another big factor there, the extended unemployment. so the, you know, sort of a point -- okay. well, okay, i'm going to skip ahead, but just a couple of points to be made here. you know, economists are all glad that now -- or keynesians are glad that there's an implicit, you know, that the whole discussion around the fiscal cliff implies that you're a keynesian, that you really believe the economy's going to go south if you, if you close the deficit even though it's not usually stated in those words. you know, a couple of details are, you know, yes, generally speaking all else equal you reduce the deficit, you will have, y
that's ever been reelected, and if his job really is to lower unemployment and raise the economy, if that's really what he wants, i don't think it is. i think he's a doctrine, big government, socialistic guy. but if he wants to help the economy, it's to cut government spending. balancing the budget doesn't matter if the budget is real high. >> he's taken -- he proposes to take money out of the private sector. $1.6 trillion, which kind of came out yesterday or the day before, blew everybody's mind. but how do you see this? stock market falling after the reelection. i know there are many factors in the stock market. but my question is this, t.j. from your vantage point out there and from your vantage point philosophically, what do you think the president wants to do? what do you think people reelected him to do? >> well, i'm not sure they reelected him to do anything. there's been a lot of blather about the obama mandate. the fact is it was an obama squeaker and if the republicans had put up a better candidate as ronald reagan got put up against jimmy carter, president obama would
that are now griffin to various parts of -- given to various parts of our economy, for example, the oil and gas industry, and shift those tax breaks around so we would fund infrastructure project. in fact, that's what the president proposed to do. before i go further into how we might use the effort to build infrastructure, i want to just say that that infrastructure program is going to be absolutely essential to rebuild an extraordinarily important part of this nation. that is the east coast. new jersey, new york, connecticut and some parts of pennsylvania were devastated. there is going to be a multi-billion dollar rebuilding program necessary just to go back to where those parts of this country were before the storm hit. much more will be needed to protect those parts of this country from future storms that are certain to occur. i'll let it go at that. sigh my colleague from new york -- i see my colleague from new york city has arrived here and i'd like her to pick this issue up and talk about the devastation that occurred in her communities and then we can come back to the infrastructure .
. >> probably. stuart: could go up. >> yeah. stuart: but tell me how you get serious growth in the economy with this set of policies that the president's laid out? how do you get 4, 5, 6% growth? how do you get there with this? >> because you just can't raise taxes and you just can't cut. you also have to make investments and tackle the deficit. you have to do all four. no one thing is going to fix this mess and everybody knows that. >> okay, look. >> yes. >> are you going to tell me, are you going to smell out the economics of it. that you raise taxes and you raise spending on education infrastructure and that you think that will give us 4 or 5% growth. really? >> no, and we're going to make cuts and we're going to tackle the deficit. >> going to promise to make cuts down the road. the president has not said. has not laid out any plans to reform entitlements, i mean, change their structure. he's just going to keep on paying. >> stuart, not yet. i mean, that's why there are negotiations and frankly, the democrats have a much stronger hand than they had in 2010, 2011 and the republicans kno
on message and move on to the economy? >> well, is he going to be trying to turn this to the economy, suzanne, but the fact is he will be definitely getting questions about the scandal, about general petraeus, and certainly about his faith in general allen, so that is going to be a topic. he will try to pivot to the economy and to talk about the fiscal cliff, which is obviously his number one priority trying to get that resolved, and we also expect that he will be here talking -- or he will be asked about benghazi. this will be his first press conference since that september 11th attack in egypt that killed u.s. ambassador chris stevens and three other americans. as well, would you expect them to be asked about cabinet -- or, pardon me -- in libya, and you would expect him to be asked about the cab -- potential cabinet shake-ups as well. you said he hasn't had an extended press conference since march. that's true. there are a lot of outstanding questions, and he will be asked probably about all of them today, suzanne. >> imagine it's going to be taking a while to get through all of these, and
, the economy. he says he is looking for a bipartisan solution to the fiscal challenges. >> i am looking forward to reaching out and working with leaders of both parties. to meet the challenges we can only solve together. reducing the deficit, reforming the tax code. >> fears of privy fiscal cliffs are growing. both sides are hoping to avoid another recession. at this point it does not seem they are on the same page on raising the issue. >> raising tax rates is unacceptable. >> democrats think the president has a mandate to raise taxes on families making more than $250,000 a year. >> there was a message sent to us by the american people based on the campaign. people making all this money need to contribute a little bit more. >> one of the big issues we are hearing, and a new congressional budget office report issued yesterday, it says if congress fails to act that the economy could shrink by about half of a percent. unemployment could go back up to 9%. the president expected to speak at 1:05 this afternoon. >> thank you so much. taxi rides could be more expensive on inauguration day. there are c
an islamist problem per se. the other issues the economy is very important. we tend to look at the question and focus on the question of cheri and women's rights which is an important aspect but also the economy is very important. a lot of economic issues and social economic problems that are concealed in economic terms but are fundamentally questions of women's rights and women's empowerment and talking about the problem of the informal sector and a considerable portion of the population that have no labor protection. the biggest people hurting the most from this reality are actually women. it is not exclusively a question of what cheri at --sharia has to offer. whether they have to say about the question of women's rights which is important aspect but not the only aspect. >> their security sector reform mentioned, we could get into that. let's do tunisia and libya and may have some broader observations on this issue because you have been working on egypt and libya as well. or did you have any -- >> in tunisia the issue of women's rights is a large issue. certainly tunisian have prided th
's economy. can you put that number in perspective? 700,000 fewer jobs. >> i can put the report in perspective. it was turn ired by independent businesses that don't want to see their tax rate increased. it is counter to all other studies that i have seen on this thing. that report got in to my inbox and got deleted. >> okay. thank you for your honesty. >> doesn't make sense. it doesn't make any sense at all. >> you hear the number but thank you. that is what i was trying to get at. we heard president obama say if congress fails to come up with a deal by the end of the year, everyone's taxes will be going up. it would be bad for the economy. i was reading new york times this morning op-ed piece that said it may not be a bad thing if we drive over the fiscal cliff. it is worth points out the fiscal cliff isn't really a cliff. it's not like the debt ceiling confrontation where terrible things might with well have happened right away if the deadline had been missed. he goes on, this time nothing very bad will happen to the economy if the grooimt agreement isn't reached until a few
on the moon. now the world's number two economy, change has come quickly to china, and next week, a new lineup of leaders will be chosen. bill whitaker is in beijing. >> reporter: by the time the people's congress ends next week, vice president xi jinping will be chine's new president. his job for the next decade? to keep this powerhouse economy growing and the communist party in power. i was last on assignment in china almost 20 years ago. a lot has changed in that time. i certainly have. who would have thought that a nation of more than a billion people, the most populous in the world... china has changed tremendously. back then, beijing was low rise with bicycles. beijing now is one big traffic jam with high rises to the horizon, designer shops seem to be on every corner. people here joke the crane is china's national bird. despite all these changes, actually because of them, the big story remains the same-- china's tremendous economic growth. the challenge for china's new leaders, to sustain growth in the face of staggering problems, rampant political corruption, a widening gap between ric
his first press conference after the election, and he would like to focus on the economy, but i think the majority of the journalists will just as more about petraeus and about general allen. the cia had eight directors in the past seven years, and it is bad for the cia, bad for the military, and bad for president obama. >> thanks for that. >> in germany, greenpeace is calling for a fresh start in the search for a long term dump for nuclear waste. >> the environmental group says a new commission should be set up to consider a range of possible sites with maximum input from the public. it says that after years of controversy, the government should give up on the old salt mine that has been the longest running candidate. >> research into weather this underground site is the right place to store nuclear waste started 35 years ago. the protests against it are just as old. greenpeace says it is time to change tack and that the search for a storage site for nuclear waste should start from scratch with greater involvement by ordinary people. >> a permanent storage site can only work if there
threat to the schools and the northern virginia economy is sequestration. economists predict up to a half million jobs could be lost in the d.c. area. that would lead to vacant buildings and a sharp decline in commercial real estate taxes which is a major source of funding for local governments. foust grew up in johnstown, pennsylvania where steel mills created a bustling economy. today the mills are abandoned and jobs are scarce. >> it has certainly been nice to have the federal government fall back on the government contractors and government employment, but personally i'm from an area that relied on the steel mills until it was too late and there was no diversification. the steel mills closed. i don't want to see that happen to fairfax county. we want to diversify our economy and be less dependent on government contracting in the long run. >> reporter: peggy fox, 9 news now. >>> a passenger's erratic behavior causes a united flight bound for dulles to make an emergency landing. that flight coming from denver had to land 13 minutes earlier last night. we talked with one passenger who w
is not the core issue that is on people's minds. the issue is one we talked about is where is the economy going, where is the budget i don't go? all the -- going? all the shifts will be impacted by what the leadership is going to do in cutting the bigger deals. you can have expectations about particular members what they do in a subcommittee, but in my view, the budget is going downward, because of being restricted by the -- >> i agree in principal on that, but what people are opposed to or in favor of in terms of reconciling ways and meanings, more people are opposed to defense cuts than limiting the mortgage interest rate deduction or cutting healthcare benefits. >> if you look at the issues on people's minds, and what's important to them, salience sir puppet the defense and foreign policy at the bottom. >> in term of leadership jobs, who reaces mccain. >> jim who have from oklahoma will move up. it is expected he will get the nod. >> on how will he lead differently? >> he cares about different issues. senator mccain has been focused on acquisition reform, better or worse, contractors -- and
was on my radio show yesterday. >> if mitt romney cannot win in this economy, then the tipping point has been reached. we have more takers than makers and it's over. the country that no longer is interested in conservative ideas. it is interested in handouts. >> >> laura: this frustration and dejection is understandable. i, like many conservatives, thought mitt romney would pull out a victory, i, like many republicans, am extremely disappointed. the autopsy of what went wrong is ongoing. there will be conflicting opinions on the cause of death for the romney campaign and all those senate races. i happen to think that mitt romney ran an overly cautious and defensive campaign which allowed the other side to define him. perhaps with the exception being that first debate. some establishment republic types say this requires the party, however, to be less conservative, to be more moderate. and it's no surprise that democrats agree. i find that depressing. conservatism won huge for the g.o.p. in 2010. and it beat back a union backed recall just recently in wisconsin. but in just two years, a sh
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> well, it didn't take long, talk of compromise, post postelection, turning into stalemate. john boehner and barack obama not budging as we rapidly approach the fiscal cliff. >> 2013 should be the year we begin to solve our debt through tax reform and entitlement reform. i am proposing we avert the fiscal cliff together, in a manner that insures that 2013 is finally the yirr that our government comes to grips with a major problems that are facing it. >> on tuesday night, we found out that the majority of americans agree with my approach. and that includes democrats, independents and a lot of republicans, across the country, as well as independent economists and budget experts. that is how you reduce the deficit, with a balanced approach. >> four years of the obama administration, and the econo
, republicans say that it will hurt the economy for the fiscal cliff. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay a little more in taxes. >> congress also has to figure out how to reduce spending on entitlements like social security, medicare. with the balance of power unchanged on capitol hill. a short-term deal that postpones the fiscal cliff appears to be the most likely scenario. >> we are going to see some temperatures with warmer weather on the way, coming up. >> san francisco make another of rest with the vandalism of a muni bus turned it giants world series a celebration. and emotional reunion in the coming of this kron 4 exclusive as they return from afghanistan. just in time for veterans day. and to just after the reelection. che facing-the fiscal cliff. >> san francisco police have made a third arrest in connection with the vandalism and arson of a muni bus. and during the giants world series celebrations. police say, this man a 24 year-old adam diaz of oakland was are reste
, butn monday, the prime minister had bad news r an economy already showing signs of strain. "this morning and, of the july- september qe was released. gdpas -3.5% on an annualized basis. >> japan is fighting on several fronts. exports have fallen drastically. exports to china a suffering d because of the consumer boycott started by the nationalization of an island chain claimed by both tokyo and bein the strong yen is making exports more expensive and many want intervention by the bank of japan. t economy moves further, japan will be back in a technical recession, defined as two consecutive quarters of reacon >> returning now to the top story, in your top finance ministers meeting in brussels to discussegree to bailouts. we're joined now with more from our brussels correspondent. ys it taking so long or eu finance ministers to agree on releasing the next tranche of funds f greece? >> the terms of the deal have to be renegotiated. the troika as recommended more time to take up paying off the debt of some of the more time ans more money. now there are intense discussions going on am
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